Stocks To Watch: Bandhan Bank, Cipla, IDFC Bank, Mindtree, NMDC

Stocks in Asia followed their U.S. counterparts higher on signs that an escalation of trade tensions was beginning to ease.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.2 percent at 10,174.50 as of 7:20 a.m.

Here Are The Stocks To Watch Out For In Tuesday’s Trade

• PFC board approved Rs 57,000 crore market borrowing plan for the next financial year.
• Punj Lloyd got EPC order worth Rs 505.2 crore in Odisha from NHAI.
• Arihant Superstructures signed MOU with Maharashtra government to develop affordable housing project in Navi Mumbai.
• Wipro and Adobe expand partnership to offer enhanced digital services and solutions.
• NMDC to pay interim dividend of Rs 4.3 per share.
• Dilip Buildcon declared L1 for four new HAM projects in Karnataka and Maharashtra worth Rs 4,114.5 crore.
• KNR Constructions bagged two HAM projects worth Rs 2,964 crore from NHAI.
• IDFC Bank–Capital First merger received NSE approval.
• Mindtree launched “Decision Moments” platform to help markets drive faster conversions and increase customer lifetime value.
• Brigade group unveiled Brigade Financial Centre at GIFT City.
• Precision Camshafts to acquire 76 percent stake in Germany based MFT Motoren und Fahrzeugtechnik GmbH.
• Future Enterprises hiked stake in subsidiary Future E-commerce Infrastructure to 86.71 percent from 70.43 percent.
• Tata Metaliks said that the operations to be impacted due to shutdown of one of the blast furnaces at Kharagpur Plant.
• Dolphin Offshore-consortium won order worth Rs 154 crore from ONGC.
• Cipla completed stake sale in UAE joint venture.

New Offerings

• Bandhan Bank to list on exchanges with a base price of Rs 375 per share. The issue was subscribed 14.6 times.
• Lemon Tree Hotels IPO continues on day 2. The issue is subscribed 0.25 times
• ICICI Securities fully subscribed after issue size cut to Rs 3,500 crore from Rs 4,000 crore earlier as retail and High Networth Investors stay away.

F&O Setup

• Nifty March Futures closed trading at 10,146 premium 15.6 points versus 6 points.
• Nifty April futures closed trading at 10,178 with a premium 47.7 points from 49.6 points.
• All series: Nifty open interest down 2 percent, Bank Nifty open interest down 9 percent.
• Rollover: Nifty 41 percent, Bank Nifty 24 percent.
• India VIX ended at 15.1, down 2.2 percent.
• Max open interest for March series at 10,500 call strike (open interest at 47.8 lakh, down 12 percent).
• Max open interest for March series at 10,000 Put (open interest at 61.3 lakh, up 18 percent).

F&O Ban

• In ban: IFCI, Jet Airways, JP Associates, Oriental Bank
• New in ban: JP Associates
• Out of ban: HDIL, IDBI Bank

Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions.

Active Stock Futures

Bulk Deals

• MT Educare: Kitara India Microreo Cap Growth Fund sold 3.70 lakh shares or 0.9 percent equity at Rs 70 each.
• Shaily Engineering Plastics: HDFC MF bought 50,000 shares or 0.6 percent equity at Rs 1,150 each.
• Venky’s: Dr Cyrus Poonawalla bought 83,186 shares or 0.6 percent equity at Rs 3916.60 each.

Acrysil

• Ashish Kacholia bought 2.21 lakh shares or 4.3 percent equity at Rs 486 each.
• Everest Finance & Investment Co sold 2.21 lakh shares or 4.3 percent equity at Rs 486 each.

Carborundum Universal

• Reliance Small Cap Fund bought 20.20 lakh shares or 1.1 percent equity at Rs 337 each.
• Promoter Ambadi Investments Ltd sold 25 lakh shares or 1.3 percent equity at Rs 337 each.

TCPL Packaging

• Vijay Kedia sold 98,000 shares or 1.1 percent equity at Rs 600 each.
• Vighnahar Holdings Pvt Ltd bought 98,000 shares or 1.1 percent equity at Rs 600 each.

TD Power Systems

• MSD India Fund bought 8.56 lakh shares or 2.6 percent equity at Rs 185.06 each.
• India Value Fund IV sold 7.55 lakh shares or 2.3 percent equity at Rs 185.14 each.

Elpro International

• IGE (India) Pvt Ltd bought 15 lakh shares or 1.1 percent equity at Rs 47.5 each.
• Elara India Opportunities Fund sold 11 lakh shares or 0.8 percent equity at Rs 47.5 each.

Transpek Industry

• Hypnos Fund ltd bought 1.09 lakh shares or 2 percent equity at Rs 1,239.73 each.
• Ruchit Patel sold 88,454 shares or 1.6 percent equity at Rs 1239.22 each.

T I Global

• SMIFS Capital Marchkets bought 49,000 shares or 1 percent equity at Rs 68.5 each.
• Maya Trade Links sold 49,559 shares or 1 percent equity at Rs 68.5 each.

International Conveyors

• IGE (India) Pvt Ltd bought 13.89 lakh shares or 2.1 percent equity at Rs 21.5 each.
• Elara India Opportunities Fund sold 11 lakh shares or 1.6 percent equity at Rs 21.5 each.

Brokerage Radar

Citi on Voltas

• Maintained ‘Buy’ with a price target of Rs 744.
• Indian AC market is at an inflection point.
• Daikin is a formidable competitor for Voltas.
• Daikin has set aggressive growth targets.
• Daikin planning to set up third plant to grow.
• Daikin has been a front-runner in R&D spending.
• Voltas has successfully defended its turf in the past.
• Voltas top India consumer electrical pick.

Citi on Cipla

• Maintained ‘Buy’ with a price target of Rs 680.
• Cipla launched an authorized generic version of Roche’s Aloxi.
• Expect gAloxi to be 3-4 player market for six months.
• Low gross margins but operating leverage upside.
• FY19 could be a year of inflection in U.S. for Cipla.
• Cipla continues to stand out among peers in difficult times.
• Cipla continues to be top pick in the sector.

Morgan Stanley on Cadila

• Maintained ‘Overweight’ with a price target of Rs 560.
• Cadila announced USFDA approval of gToprol-XL; Market size of $700 million.
• Product to help cushion gLialda/gTamilflu's upcoming normalization.
• Expect more such launches over the next few quarters.
• Launches to help re-rate the stock.

Jefferies on Syngene

• Maintained ‘Buy’ with a price target of Rs 760.
• Signs strategic deal with GSK.
• Strong client addition provides growth visibility.
• Pace of addition is a positive sign on earnings delivery.
• Believe Syngene is best placed to gain market share.
• Premium valuations to sustain given the structural growth drivers and strong execution.

Antique on NBCC (India)

• Initiated ‘Buy’ with a price target of Rs 276; implying a potential upside of 45 percent from the last regular trade.
• NBCC’s order backlog has swelled to an all-time high.
• NBCC’s competitive edge is protected by legislations.
• Expect compounded growth rate of 63 percent in revenue.
• Revenue recognition is clustered around March 2020.
• Current valuation attractive

INDSEC on Future Consumer

• Initiated ‘Buy’ with a price target of Rs 69; implying a potential upside of 33 percent from the last regular trade.
• Catering to changing consumption patterns through consumer centric approach.
• Modern trade driven distribution network.
• Diverse Product portfolio catering to niche segments.
• Expect revenue to grow at a compounded rate of 42 percent over the fiscal 2017-2020.
• Expect operating income to grow by 2.2 times between fiscal 2017-2020.
• Expect loss in the current fiscal as well; Expect net profit in the next financial year.
• Future Consumer could trade at better valuations going ahead.

Morgan Stanley on Banks

• Borrowing calendar for the second half of the next fiscal has meaningful positive for PSU banks.
• Borrowing budgeted is just 48 percent of annual budget.
• Government intends to increase issuances in short and long-term maturity bucket.
• Reduce medium-term issuance segment of 10-14 years to around 29 percent.
• RBI and government in final stage of discussions for increasing FPI limit.
• SBI preferred pick among PSU banks.

Trading Tweaks

• East India Securities circuit filter revised to 20 percent.
• GAIL India ex-date for 1:3 bonus issue. F&O lot size revised to 2,667.
• Oil India ex-date for 1:2 bonus issue. F&O lot size revised to 3,399.
• Kellton Tech Solutions ex-date for 1:1 bonus.
• Talwalkars Better Value Fitness ex-date for demerger.

Who’s Meeting Whom

• Purvankara to meet Fidelity Mgmt & Research on March 27.
• Bodal Chemicals to meet Mahindra AMC on March 27.
• PI Industries to meet Taiyo Pacific Partners and Narnolia Securities on March 27.
• AIA Engineering to meet Edelweiss Securities on March 27.
• Rallis India to meet Franklin Templeton MF on March 27.
• Vakrangee to meet investors on March 27 and 28 in Singapore.
• Magma Fincorp to meet several fund houses including Goldman Sachs, Samsung AMC, Marchshall Wace from March 27–29.
• VRL Logistics to meet ICICI Prudential AMC on March 27.
• Astra Poly Technik to meet ICICI Prudential MF and Emkay Global Financial Services on March 27.
• TVS Motors to meet Goldman Sachs on March 28.
• Pidilite to meet Axis Capital on March 28.

Insider Trades

• Chambal Fertilizers promoter Mrs Nandini Nopany sold 2.75 lakh shares on March 23.
• Cerebra Integrated Techologies promoters acquired 35,072 shares on March 23.
• V2 retail promoter Vishal Waterworld acquired 80,207 shares from March 22–23.
• Man Infra promoter Vatsal Shah acquired 68,500 shares on March 23.
• Lasa Supergenerics promoter Svaks Biotech India Pvt Ltd sold 30,816 shares from March 19–20.